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When prices of input materials increase, supply curve shifts to the left while demand remains...

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When prices of input materials increase, supply curve shifts to the left while demand remains stable. The shift of supply will tend to cause which of the following?

A.

An increase in the equilibrium price and quantity

B.

A decrease in the equilibrium price and quantity

C.

A decrease in the equilibrium price and an increase in the equilibrium quantity

D.

An increase in the equilibrium price and a decrease in the equilibrium quantity

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